The effect of SCM on retail sector
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The effect of SCM on retail sector
This work is on the impact of SCM in retail
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Module 1: What is Supply Chain Management? (ASU-WPC-SCM)

Part 1 of 12 - This module introduces viewers to the field of supply chain management. It describes the complex supply chain of a simple product, a bottle of...
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This video did give me a more clear perspective about SCM.

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Futures fluctuate on mixed signals from retail - San Francisco Chronicle

Futures fluctuate on mixed signals from retail - San Francisco Chronicle | The effect of SCM on retail sector | Scoop.it
San Francisco Chronicle Futures fluctuate on mixed signals from retail San Francisco Chronicle That means more pocket money for consumers, but there have been mixed signals from retailers about what shoppers, particularly those with low incomes,...
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3 Mobile Considerations in Retail Paid Search - Search Engine Watch

3 Mobile Considerations in Retail Paid Search - Search Engine Watch | The effect of SCM on retail sector | Scoop.it
3 Mobile Considerations in Retail Paid Search
Search Engine Watch
Mobile traffic continues to grow and become a larger part of everyone's paid search campaigns.
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Retail E-Commerce Surpasses $50 Billion in Q1 2013 - Technorati

Retail E-Commerce Surpasses $50 Billion in Q1 2013 - Technorati | The effect of SCM on retail sector | Scoop.it
Technorati
Retail E-Commerce Surpasses $50 Billion in Q1 2013
Technorati
On Friday, comScore announced that U.S. retail e-commerce in Q1 2013 surpassed $50 billion in spending for just the second quarter on record.
Yunyun Li's insight:

As can be see,  E-Commerce in retail sector has high profit margin, the future of it would be promising. The use of E-Commerce in supply chain management enables retailers to have right items on shelf at right time and price. 

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FDI in retail to force developers into mall management: experts

FDI in retail to force developers into mall management: experts | The effect of SCM on retail sector | Scoop.it
Mall developers will now be compelled to hire mall management services, especially when global brands are looking at India after the government cleared FDI in retail, experts say (sharing #suaju FDI in retail to force developers into mall management:...
Yunyun Li's insight:

It is actually necessary to view the situation of an industry in the context of policies related, and changes in political environment can always affect the development of a sector in a country, a region and even the world.

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The coming era of ‘on-demand’ marketing | McKinsey & Company

The coming era of ‘on-demand’ marketing | McKinsey & Company | The effect of SCM on retail sector | Scoop.it
Emerging technologies are poised to personalize the consumer experience radically—in real time and almost everywhere. It’s not too early to prepare. A McKinsey Quarterly article.

Via Nikki Baird
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Really benefit from it...

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Yunyun Li's comment, May 12, 2013 4:34 AM
Come on! Its a era that sophisticated technologies should be used to integrate the whole marketing process. And the adoption of digital marketing is critical to the success of marketing when almost all your competitors are using it to gain competitive advantages.
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Creating around the customer: design thinking and social media

Creating around the customer: design thinking and social media | The effect of SCM on retail sector | Scoop.it
Design thinking is all about getting closer to your customers to really understand what they do, how they think and what they need, so you can focus (RT @hannahkirkman: New on the blog > Creating around the customer: design thinking and social ...

Via Fred Zimny
Yunyun Li's insight:

Almost all people doing business study know that successful supply chain aims to boost efficiency while reducing costs. However, some may fail to notice that the objective of all these practices is to deliver more value to customers. Thus, SCM should be put in the whole context of an organisation, the success of SCM is closely related to CRM.  

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Top 7 Tips for Utilizing Big Data to Optimize Supply Chains | Retail Trends | RIS News: Business/Technology Insights for Retail, Supermarket Executives

Top 7 Tips for Utilizing Big Data to Optimize Supply Chains | Retail Trends | RIS News: Business/Technology Insights for Retail, Supermarket Executives | The effect of SCM on retail sector | Scoop.it
Virtually all retailers use historic data (structured) to better understand customers and increase sales. During the last 10 years, the proliferation of digital channels has made consumers "hyper-connected," transforming them from data consumers to data producers. The result is two-fold: it has created more "siloes" for the retailer and an explosion of unstructured data. With the supply chain being pivotal for retailers, any improvement will impact the sales or operational efficiency as well as the customer experience. The core objectives of retail supply chain organizations continue to remain consistent across the journey:1.       Build efficiencies into the supply chain. Ensure a high-performance supply chain by enhancing productivity, collaboration, speed and visibility, and minimize time spent manually monitoring key events that require action or provide important information – for e.g. labor scheduling at distribution centers.2.       Improve relationships with supply chain stakeholders. Improve relationships by providing visibility into events that affect stakeholders like vendors, suppliers, carriers, distribution, warehousing and customers.3.       Be agile and proactive. Improve agility to respond to business dynamics and ensure a proactive response to business critical issues before they escalate. Use IT performance monitoring tools to identify and eliminate system performance issues before it becomes visible to stakeholders and affects retailers' operational efficiency. Omnichannel retailers are entering into an exciting age of opportunity in supply chain data management. Retailers can leverage Big Data coupled with real-time tracking and analysis of both structured and unstructured data to build an intelligent, adaptive and highly responsive supply chain and gain end-to-end visibility at a network level. Retailers must integrate all systems and explore ways to rapidly respond to supply chain challenges. For example, can the stock replenishment quantity of a particular SKU for a particular store be changed just a few hours before being loaded onto the truck at the warehouse? To achieve this, retailers must consider the data from a real-time demand management perspective. Implementing advanced analytics and Big Data solutions can significantly help retail supply chain organizations improve both planning and execution. This includes:1.       Advanced Planning and Scheduling. Gain end-to-end visibility and attain high-quality decision support to consistently achieve optimal performance. Reduce out-of-stocks and inventory issues that waste resources with accurate production plans and schedules.2.       Improved Demand Planning. Leverage historical demand data with user-anticipated differences in order to get better results with each forecast.3.       Improved Responsiveness. Manage the uncertainties of seasonality and new product introduction so decisions and scheduling are automated across complex dependencies.4.       Intelligent Inventory Planning and Deployment. Use optimized, dynamic business rules, inventory policies and forecasts to consider consumption rates and inventory levels across the supply chain, applying replenishment rules.5.       High Precision Replenishment Planning. Keep service levels high and costs low by harmonizing supply with demand internally and across the network of trading partners to have the right amount of product at the right time at the right place. This is crucial for omni-channel channel fulfillment (e.g. buy online pick-up in-store or BOPIS).6.       Real-Time Supply Chain Execution. Live information processing enables improved agility and ability to act just-in-time on changing requirements such as fulfillment quantity, inventory re-routing, etc.7.       Omnichannel Order Optimization. Improve on-time delivery, minimize the cost of expediting and contribute to program success. While many ERP and packaged software vendors have made attempts to address these areas, none have done so holistically and consistently. This void leaves a significant market opportunity to apply these strategic processes to help retailer build an intelligent supply chain and better serve and support their customers. 

Via Ricard Lloria
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Yunyun Li's comment, May 6, 2013 4:56 PM
A successful supply chain can both enable main players within supply chain to collect and share data timely and make it possible for companies to do right things with least money. And technologies aid in automation and then more efficiency.
Yunyun Li's comment, May 8, 2013 5:15 AM
Really like this article. As it provides readers with keys in boosting efficiency of supply chains. So concise and important.
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Sales, Stock, and Inventory, Oh My! How to Use POS Data to Improve Retail Operations | On managing a business | Learn

Sales, Stock, and Inventory, Oh My! How to Use POS Data to Improve Retail Operations | On managing a business | Learn | The effect of SCM on retail sector | Scoop.it
One of the benefits of a point of sale system is that the computerized system automatically tracks sales and inventory data. The key to maximizing your POS investment is learning to use that data to improve store operations and make more money.
Yunyun Li's insight:

The payoffs can be maximise provided that you learn more about how to analyse data collected through point-of-sale. 

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MediaPost Publications Smartphones and Tablets Driving Retail and E-Commerce Clicks 05/02/2013

MediaPost Publications Smartphones and Tablets Driving Retail and E-Commerce Clicks 05/02/2013 | The effect of SCM on retail sector | Scoop.it
Smartphones and Tablets Driving Retail and E-Commerce Clicks - 05/02/2013 (Smartphones and tablets are driving retail and #eCommerce clicks via @MediaPost http://t.co/WRr2sa5fyd)...
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Yunyun Li's comment, May 9, 2013 7:22 AM
There are more and more people tend to use mobile devices for work , shopping, entertainment, etc. It would be sensible for retailers to leverage opportunities brought by E-commerce and then boost sales and make more profits.
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Your online orders, coming from a store near you

Your online orders, coming from a store near you | The effect of SCM on retail sector | Scoop.it
You may not care where retailers pack and ship your online orders from, but to those merchants, that where can make a big difference to their bottom line. (Your online orders, coming from a store near you.
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Yunyun Li's comment, May 7, 2013 3:36 AM
Online inventory management makes more efficient supply chain, provides an opportunity with retailers to save both time and costs. In the network economy, e-Commerce contributes on many aspects in businesses.
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Mitigating Food Safety Risk Through Superior Supply Chain Management

Mitigating Food Safety Risk Through Superior Supply Chain Management | The effect of SCM on retail sector | Scoop.it
The biggest challenges companies face in encouraging sustainability from their suppliers is maintaining a visibly equal effort in their own practices.
Yunyun Li's insight:

Being environmentally friendly and not harmful to the longevity of the very industry is equally important for sustainable plant.

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Minimizing Supply Chain Risk - Inbound Logistics

Minimizing Supply Chain Risk - Inbound Logistics | The effect of SCM on retail sector | Scoop.it

Lean concepts such as just-in-time, virtual inventory, supplier rationalization, and fewer distribution facilities reduce total supply chain costs. They also increase supply chain risk. Chris Cameron, solution architect at Exton, Pa.-based supply chain solutions provider Elemica, offers these tips for preventing supply chain disruptions.

1. Identify and assess current risk. Quantify and prioritize risk, then develop a mitigation strategy. Start backward from the customer and gauge the revenue impact of supply chain disruptions. Follow that trail through the manufacturing cycle to the potential sourcing or logistics constraining factors.

2. Identify supply and delivery alternatives. Build collaborative relationships with primary and secondary suppliers, and know which suppliers represent the best alternative sources.

3. Empower your trading partners. Institute a collaboration platform and communications framework designed to facilitate information exchange, while cutting costs and reducing errors.

4. Select vendors in different geographic regions who supply through secondary ports. Maintaining a diverse base of suppliers—even when equivalent materials are available from suppliers in the same region—will help when one country experiences a disruption.

5. Fully engage in supplier relationships. Because you will need to rely on them for help if disruptions arise, monitor suppliers for any potential problems. This includes knowing the suppliers' risk factors: financial strength, compliance with regulations, risk management practices, and the political stability of their countries.

6. Take control of logistics processes. Instead of abdicating to the suppliers' delivery, bring items closer to home where it makes economic sense, and globally source where savings are balanced by assurance of supply. It is crucial to take ownership of both the supply and delivery processes to understand the inherent risk, regardless of who has economic responsibility for delivery according to the terms of the sales contract.

7. Jointly plan and collaborate about potential supply chain disruptions. Include suppliers, logistics service providers, and customers in your collaboration plans. Drive toward mutually available risk plans for each link in your supply chain.

8. Build flexibility into processes so you can promptly adapt to changes with minimum impact. Share forecast and demand information with trading partners so you can be more responsive to customer demand fluctuations. Develop a corporate culture of agility, rather than reactivity. Agile companies can respond rapidly and effectively to manage supply or demand changes.

9. Optimize inventory buffers and safety stock levels. Make sure you have enough supplies to keep producing.

10. Be proactive. Increase visibility into supply chain operations, including event management that enables tracking and monitoring material flow as it happens. Incorporate analytics to identify patterns as they develop for data-driven pre-emptive action.


Via Ricard Lloria
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Yunyun Li's comment, May 11, 2013 3:28 AM
Every link within a business carries certain risks. Thus, countermeasures that can prevent or lower risks need to be grasped by retailers. This article provides a good insight for handling risks within supply chain.
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A web business from home can put a strain on space – physical and personal

A web business from home can put a strain on space – physical and personal | The effect of SCM on retail sector | Scoop.it
Selling online with the spare bedroom as warehouse was fine – to start.
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Four Reasons Why You Should be Thinking About Customer Journeys

Four Reasons Why You Should be Thinking About Customer Journeys | The effect of SCM on retail sector | Scoop.it
Wondering why you should be thinking about customer journeys? I've got four reasons..

Via Fred Zimny
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An example of good delivery communication from retailers

An example of good delivery communication from retailers | The effect of SCM on retail sector | Scoop.it

Last week we released our 2013 Online Retail Delivery Report.


Via Riaz Khan
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Cross-channel, multi-channel, omni-channel. The evolution of retail logistics.

Jon Sleeman, Director EMEA Industrial & Logistics Research, looks at complex logistical considerations retailers face today. Customers shop using a wide vari... (RT @JLLNews: Omni-channel #retail will be a seamless customer experience.

Via Fred Zimny
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Yunyun Li's comment, May 13, 2013 3:35 AM
In this day and age when logistics has become more complicated, multi-channel and cross-channel are become necessary and can enhance the efficiency of supply chain significantly.
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3 Retail Takeaways from JC Penney's Facebook Page - The motley Fool (blog)

3 Retail Takeaways from JC Penney's Facebook Page - The motley Fool (blog) | The effect of SCM on retail sector | Scoop.it
3 Retail Takeaways from JC Penney's Facebook Page
The motley Fool (blog)
Embattled retailer J.C. Penney (NYSE: JCP) has received a fair amount of media coverage for its recent TV ad.
Yunyun Li's insight:

All down to customer needs actually within a supply chain. The use of social media enables JC Penney to better commynicate with customers and get first-hand feedback of their offerings. This practice can facilitate its supply chain.

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Customer Signals For Adapting Experiences | Forrester Blogs

Customer Signals For Adapting Experiences | Forrester Blogs | The effect of SCM on retail sector | Scoop.it
RT @forrester: How companies can use customer signals to transform their customer experience: http://t.co/eZEgnACwga #ForrForum #CX #CustExp

Via Fred Zimny
Yunyun Li's insight:

It is necessary to have a clear perspective of customer experience. As the continuous process helping in improving offerings can help an orgnisation to sustain its competitive advantage. Keep listening to customers emphasises the very process of communication and customer engagement. Feedback from customers can help us to compete through customers. Interesting!

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Analytics Boost Traditional Retailers’ CRM Strategies | Trends and Outliers

Analytics Boost Traditional Retailers’ CRM Strategies | Trends and Outliers | The effect of SCM on retail sector | Scoop.it
For brick-and-mortar retailers, analytics solutions are not just “nice-to-have” – they’re absolutely critical to the success of their CRM operations.

Via Carla Gentry CSPO
Yunyun Li's insight:

It seems that customers are always the most important player within a supply chain, this article let readers know three analytics to boost strategy, and then boost sales and make more profits. All of these three aid in improving customer shopping experience. 

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Carla Gentry CSPO's curator insight, May 6, 2013 9:45 AM

“CRM at tier-one retailers has not been about managing the customer relationship, it has been about offers,” says Bob Hetu, research director for retail at Gartner Inc. “They have to get beyond their prejudices, one channel over another. What paths to purchase customers take doesn’t matter. You have [to] support them in whatever way they choose to shop with you.”

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Betting on Analytics as Supply Chain's Next Big Thing - EBN

Betting on Analytics as Supply Chain's Next Big Thing - EBN | The effect of SCM on retail sector | Scoop.it
Betting on Analytics as Supply Chain's Next Big Thing EBN Some industry experts claim that the day for real-time supply chain practices has come -- and is on the verge of being more mainstream, thanks to a multitude of cloud data management tools...
Yunyun Li's insight:

agreed. Analytic would be the next big and important thing for supply chain industry.

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Disruptive technologies articles and insights | McKinsey & Company

Disruptive technologies articles and insights | McKinsey & Company | The effect of SCM on retail sector | Scoop.it
From computational biology to 3D printing, new technology is changing the game-again (The impact of #disruptive #technology: A conversation with Eric Schmidt (Video) | McKinsey http://t.co/cihHtZAPCl...

Via Fred Zimny
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王原's curator insight, May 4, 2013 2:37 PM

I like this

王原's comment, May 4, 2013 2:38 PM
I LIKE THIS ONE INTERESTING
Yunyun Li's comment, May 4, 2013 2:49 PM
Disruptive technologies has changed almost everything in our life, as well as business model, which is closely relevant to making money.
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Growing the local supply chain optimisation business - Reseller News

Growing the local supply chain optimisation business - Reseller News | The effect of SCM on retail sector | Scoop.it
Growing the local supply chain optimisation business Reseller News Even since his appointment as ANZ managing director of global supply chain optimisation provider Manhattan Associates, in January 2011, Sydney-based Raghav Sibal has been working...

Via Cinatis
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Yunyun Li's comment, May 12, 2013 4:16 AM
The profit margin of online retail would be amazing, or more exactly, it is a trend.
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The Strategic Sourceror: Supply chain risk management important to business success

The Strategic Sourceror: Supply chain risk management important to business success | The effect of SCM on retail sector | Scoop.it
The Strategic Sourceror: Supply chain risk management important to business success, procurement, strategic sourcing, cost reduction and supply chain news by the Strategic Sourceror (Supply chain risk management important to business success
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Yunyun Li's comment, May 12, 2013 4:18 AM
Any business carries risks, effective and timely response to risks helps lowering losses incured.
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From Retail to E-tail

From Retail to E-tail | The effect of SCM on retail sector | Scoop.it
Like a lot of industries in the last decade - starting with music and including newspapers and TV - we're being told that retail is going through a crisis. Is it really in crisis or is it another c...
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Yunyun Li's comment, May 7, 2013 3:43 AM
To spare themselves from market crisis, retailers had better aim to make fully use of the full range of four areas of staying relevant in retail sector and securing an appropriate business model, rather than leveraging social media only.